Ohio Auto Insurance Premiums, Minimum Coverage Levels, Statistics

The importance of Ohio auto insurance coverage for all drivers is partially based on the legality of young drivers in our state. The minimum age at which someone can get a temporary driver's license in Ohio is 15 1/2 years of age. A person who is driving at this young age must have a licensed person over the age of 21 in the front passenger seat of the vehicle. Young drivers must take a driver's education course and pass the driving test administered by the state before they can become licensed.

Drivers in Ohio must demonstrate that they have the means to pay for damages they cause in an accident. Most people decide to buy car insurance to demonstrate that they are financially responsible. Each driver in Ohio must have at least $12,500 in bodily injury coverage to pay for medical bills and other expenses incurred by a single person injured in an accident. A minimum of $25,000 in coverage must be in place to pay for all injuries sustained in an accident, no matter how many people were injured. Along with money to pay for injuries, all drivers in Ohio must have at least $7,500 in property damage insurance in force. This type of coverage is used to pay for damage to objects like the other driver's vehicle, along with mailboxes, sign posts, and fences.

Ohio auto insurance premium rates are determined by considering several factors, including the driver's age, gender, and where they live. His or her driving record factors in, along with the make and model of the vehicle. Teens tend to pay more for car insurance than older drivers because, as a statistical group, they present a higher level of risk than more mature drivers.

Even though less than 10% of drivers in Ohio are teens, they account for 17% of all motor vehicle accidents. Teens may be more likely to take risks when behind the wheel than mature drivers, or they may simply lack the judgment that comes with years of driving experience. Whatever the reason, as long as teens are involved in more accidents than adults, they will be charged higher rates for their Ohio auto insurance minimum policies.

Teen drivers in Ohio can get better rates for their insurance coverage by establishing a good driving record from the outset. They should be careful to avoid getting traffic tickets and being involved in accidents. An insurance company probably won't raise premium rates after an accident where the teen was not at fault, but being involved in a second one shortly afterward (whether the teen was at fault or not) may mean premiums will rise.

Teen drivers can also save money on the cost of their Ohio auto insurance by choosing the vehicle they are driving carefully. A sports car will cost more to ensure than other models. To find out the approximate cost to insure a vehicle, check with the insurance company before deciding to buy.

http://www.ohioinsurance.gov/

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Ensuring that your teenager maintains at least a B average in school will reduce the premium rates that you pay for your Ohio auto insurance policy.

Minimum coverage levels for Ohio auto insurance are set at $12,500/$25,000/$7500 for individual bodily damage, cumulative bodily damages and third party property damages in any given accident.

Check additional valuable information of your State Insurance department organization.
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